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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
France : € 19,750,000
Germany : € 130,250,000
Energy : € 150,000,000
Signature date(s)
18/06/2024 : € 1,000,000
25/06/2021 : € 18,750,000
25/06/2021 : € 56,250,000
18/06/2024 : € 74,000,000
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Summary sheet

Release date
17 February 2021
Status
Reference
Signed | 25/06/2021
20200790
Project name
Promoter - financial intermediary
SAAR LB CLIMATE ACTION MBIL II
LANDESBANK SAAR
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
not applicable
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Loan dedicated to financing of small and medium-sized renewable energy projects of private and public entities in Germany, France and other EU countries.

Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs), local authorities.

Additionality and Impact

The financing of this project contributes to Bank's lending priority objectives on SMEs, Energy (Renewable Energy) as well as on climate action (transversal).The project concerns the financing of a series of renewable energy generation plants (mostly onshore wind and solar PV), located in Germany and France, and potentially other EU countries. The implementation of renewable energy generation plants contributes to the EIB's priority of supporting the transition to a low-carbon, environmentally friendly and climate-resilient economy. By using an intermediated approach, the Bank will be able to support smaller projects, that would otherwise not be possible to be reached directly. Moreover, the operation supports the financial intermediary's sustainability strategy, increasing its lending in the sector and diversifying its financing sources. The project addresses a number of market failures, from contributing to the reduction in carbon and air pollution, to improving energy markets efficiency and integration through participation in the wholesale markets. EIB is providing adequate financing sources in terms of pricing and longer maturities, whilst contributing to the diversification of the borrower's funding base. The operation is expected to yield good quality and results, thanks to avoided GHG emissions and fair employment creation. The EIB's contribution will be most visible on the financial contribution side by accelerating the fundraising process and crowding in other financiers.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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